Mn Services Vermogensbeheer B.V. raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 512.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,064 shares of the business services provider’s stock after buying an additional 6,748 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The Priceline Group were worth $15,084,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the last quarter. FMR LLC increased its position in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Jennison Associates LLC increased its position in shares of The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Edgewood Management LLC increased its position in shares of The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of The Priceline Group by 1.0% in the first quarter. Janus Capital Management LLC now owns 560,060 shares of the business services provider’s stock worth $996,885,000 after buying an additional 5,434 shares during the last quarter. 95.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (PCLN) traded down 1.99% on Thursday, reaching $1868.92. 385,831 shares of the company were exchanged. The stock has a 50 day moving average of $1,951.68 and a 200-day moving average of $1,807.38. The company has a market capitalization of $91.68 billion, a P/E ratio of 39.69 and a beta of 1.42. The Priceline Group Inc. has a 52-week low of $1,392.44 and a 52-week high of $2,067.99. The Priceline Group also was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 15,301 put options on the company. This is an increase of approximately 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 34.28%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $13.93 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, analysts predict that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.

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PCLN has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Cowen and Company reaffirmed an “outperform” rating and set a $2,000.00 price target on shares of The Priceline Group in a research report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday. Vetr raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price target on the stock in a research report on Wednesday, May 17th. Finally, J P Morgan Chase & Co upped their price target on The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,909.30.

In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares of the company’s stock, valued at $642,753.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock worth $3,245,648 in the last ninety days. Insiders own 0.42% of the company’s stock.

The Priceline Group Company Profile

The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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